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What would happen if Thames Water is temporarily renationalised?

The government could put the struggling utility into a special administration regime – but what does this involve?When the environment secretary, Steve Reed, stood up in parliament last week, his message for the owners of the struggling Thames Water appeared clear: there would be no leniency on fines for breaching environmental standards – despite the requests of creditors who control the company.Amid the standoff, Reed said the government had “stepped up our preparations” for the next stage: putting the company, a provider of water and sewage services to 16 million customers in London and south-east England, into temporary nationlisation, known as a special administration regime (SAR). Continue reading...

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